start up

Starting a Business During the Holidays

While you're running around to shops looking for last minute gifts or baking up a storm in the kitchen and worrying about getting your holiday decorations in place, it's probable that you're not thinking about starting a business at this time of year. But are there any benefits to doing so? Advantages to Starting a Business During the Holidays There may be a few advantages to starting a business at the end of the year - say between Thanksgiving and Christmas or whatever seasonal holidays you celebrate in December, including: Most shoppers are in a buying mood. If you plan to sell products this could work to your advantage, especially if you plan on starting a business that involves selling gift items. You may be able to reap some tax advantages by starting a business before the end of the year, specifically by capturing some deductions, including, but not limited to office-in-home tax deductions. Because stores are very competitive and offer extended sales during the Continue Reading

Top 10 Tips For Starting A Business That Will Succeed

1) Do what you love. You’re going to devote a lot of time and energy to starting a business and building it into a successful enterprise, so it’s really important that you truly deeply enjoy what you do, whether it be running fishing charters, creating pottery or providing financial advice. 2) Start your business while you’re still employed. How long can most people live without money? Not long. And it may be a long time before your new business actually makes any profits. Being employed while you’re starting your business means money in your pocket while you’re going through the business start up process. 3) Don’t do it alone. You NEED a support system while you’re starting a business (and afterwards). A family member or friend that you can bounce ideas off and who will listen sympathetically to the latest businses start up crisis is invaluable. Even better, find a mentor or, if you qualify, apply for a business start up program. Experienced guidance is the best Continue Reading